Cleveland-Cliffs

Cleveland-Cliffs, Inc. is a flat-rolled steel producer, which supplies iron ore pellets to the North American steel industry. It engages in the production of metallics and coke, iron making, steelmaking, rolling and finishing, and downstream tubular components, stamping, and tooling. The company was founded in 1847 and is headquartered in Cleveland, OH.

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Cleveland-Cliffs excels in 2022, focuses on cost efficiency and sustainability

Cleveland-Cliffs had a robust 2022, focusing on financial strength, cost efficiencies, and sustainability initiatives while navigating pricing challenges.
The company's commitment to reducing costs, enhancing client relationships, and pursuing growth opportunities positions it well for future success.
Despite financial challenges, Cleveland-Cliffs remains resilient, prioritizing operational excellence and strategic initiatives for sustainable growth.

Cleveland-Cliffs (CLF) doubles EBITDA in Q1, eyes green energy opportunities

Cleveland-Cliffs (CLF) reported a strong Q1 performance, exceeding expectations in key metrics and profitability. The company's strategic focus on cost management, sustainability, and high-value-added products positions it well for continued success in 2023. While challenges in cost management and inventory levels exist, opportunities in green energy markets and automotive demand offer avenues for growth.

Cleveland-Cliffs (CLF) reports stellar Q2 results and eyes growth opportunities

Cleveland-Cliffs (CLF) excelled in Q2, showcasing financial strength, operational efficiency, and sustainability efforts. While facing challenges in pricing and volume shifts, the company's strategic strengths and growth opportunities position it well for continued success. CLF's focus on innovation, cost reduction, and shareholder value creation underpins its positive outlook.

Cleveland-Cliffs reports robust Q3 earnings, eyes cost efficiencies and growth

Cleveland-Cliffs' Q3 performance reflects financial strength and strategic focus on cost efficiency and shareholder value. Challenges include the impact of the UAW strike and competitive pressures in the automotive industry. The company is well-positioned to capitalize on opportunities for cost savings and diversified demand.

Cleveland-Cliffs (CLF) reports strong Q4 earnings, prioritizes shareholder value

Cleveland-Cliffs (CLF) showcased robust financials in Q4 2023, prioritizing shareholder value through buybacks and debt reduction. Despite challenges in market dynamics and competition, CLF's focus on technological advancement and operational efficiency positions them well for future growth and stability.

Cleveland-Cliffs prioritizes shareholder value and sustainability in Q1 2024

Cleveland-Cliffs prioritizes shareholder value through share buybacks and sustainable initiatives, showcasing a rebound in profitability and commitment to long-term growth.
The company faces challenges from trade imports impacting facilities and pricing misalignments with competitors, while opportunities lie in decarbonization projects and operational enhancements.
Overall, Cliffs' performance in Q1 reflects a strategic focus on shareholder returns, workforce support, and organic growth, positioning itself for sustainable value creation and market expansion.

Cleveland-Cliffs (CLF) reports robust Q2 earnings, eyes growth opportunities

CLF's Q2 performance reflects financial strength, operational efficiency, and strategic priorities for growth and sustainability.
While facing challenges from market dynamics, CLF's disciplined approach to cost management and investments in growth areas offer resilience.
Opportunities in automotive sector, M&A, and sustainability initiatives position CLF for future expansion and value creation.
Overall, CLF's focus on financial discipline, market diversification, and sustainability goals underpin its strategic direction and long-term success.

Cleveland-Cliffs reports Q3 earnings impacted by steel demand challenges

Cleveland-Cliffs navigated challenges in Q3 with commendable cost performance and strategic acquisitions. The company's focus on operational efficiency and market positioning bodes well for future growth. Opportunities for expansion and synergy realization from the Stelco acquisition are key drivers of optimism.

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Cleveland-Cliffs, Inc. operates as a flat-rolled steel company, which supplies iron ore pellets to the North American steel industry. It engages in the production of metallic and coke, iron making, steelmaking, rolling and finishing, and downstream tubular components, stamping, and tooling. The company was founded in 1847 and is headquartered in Cleveland, OH.

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5 Broker-Friendly Stocks to Monitor in the Current Scenario

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) today announced that it applauds the preliminary determination reached by the U. S. Department of Commerce that producers of Tin Mill Products from China benefit from significant countervailable government subsidies. The subsidy rate for Baoshan Iron and Steel is 542.55 percent and for Jingtang Iron and Steel is 89.02 percent. The rate of 89.02 percent applies to all other exporters. In addition, Commerce announced that it was initia.

Cleveland-Cliffs Applauds Preliminary Determination by the U.S. Department of Commerce in Tin Mill Products Trade Case

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced today it has reached a new three-year labor agreement with the United Auto Workers (UAW) for Coshocton Works, to become effective July 31, 2023. The agreement is tentative, pending ratification by UAW local union membership, and will cover approximately 330 UAW-represented workers. Lourenco Goncalves, Chairman, President and CEO, stated, “We are pleased to reach a new labor agreement with the UAW for our employees at Coshoc.

Cleveland-Cliffs and the United Auto Workers Reach New Labor Agreement for Coshocton Works

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) today announced that it is increasing current spot market base prices for all carbon hot rolled, cold rolled and coated steel products by a minimum of $50 per net ton, effective immediately with all new orders. Cliffs' minimum base price for hot rolled steel is now $950 per net ton. About Cleveland-Cliffs Inc. Cleveland-Cliffs is the largest flat-rolled steel producer in North America. Founded in 1847 as a mine operator, Cliffs also.

Cleveland-Cliffs Announces Price Increase for Flat-Rolled Steel Products

Cleveland-Cliffs, the largest steel supplier to the auto industry in North America, has grown significantly through acquisitions and is well-positioned in the expanding automotive market, particularly in electric vehicles. Despite the cyclical nature of the steel market, the company has made progress in cost-cutting and debt reduction, with strong cash flows and a favorable valuation based on its price-to-book ratio. However, with mixed outlooks and valuations, as well as the potential for a downturn in the automotive market, I currently rate the stock "Hold".

Cleveland-Cliffs: Strong Bulls But I Rate The Stock A Hold

I think Cleveland-Cliffs is set to significantly outperform its peer group starting in late FY2023 or FY2024. The automotive industry's inventories are turning around, pulling CLF's fundamentals with them. Cleveland-Cliffs' EPS should grow the most in FY24 on a relative basis, still having the lowest next-year P/E multiple in the peer group.

Why Cleveland-Cliffs Stock Is The Best Steel Buy

Cleveland-Cliffs is projected by Street analysts to remain profitable during a soft landing or mild recession scenario. 2023's technical momentum has been more bullish than I anticipated in December's article. June-July has proven the strongest months to own CLF over the last eight years.

Cleveland-Cliffs: History Of Seasonal Price Strength During The Summer (Rating Upgrade)

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it has successfully amended and extended its asset-based lending credit facility (ABL). The amendment extends the maturity date of the facility to June 9, 2028 and transitions the benchmark interest rate from LIBOR to SOFR. The borrowing base of the amended ABL now includes the assets of Ferrous Processing & Trading Company (FPT), which was acquired by Cleveland-Cliffs in November 2021. With the increased bor.

Cleveland-Cliffs Amends and Extends ABL Facility Maturity to 2028

Cleveland-Cliffs Inc   (NYSE:CLF) stock is up 1.8% to trade at $15.32 at last glance, though overhead pressure from its 40-day moving average is keeping this bounce off a May 31, annual low of $13.61 in check.

Cleveland-Cliffs Stock Extends Bounce as Bulls Chime In

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it was named to the Fortune 500 list, once again among the top 200 companies. Cleveland-Cliffs' 2022 revenue of $23 billion earned Cleveland-Cliffs the ranking of 170 on the list for 2023. The Fortune 500 list ranks companies that are incorporated and operate in the U.S. by total revenues for their respective fiscal years. Lourenco Goncalves, Cleveland-Cliffs' Chairman, President, and CEO said, “Once again, Cleve.

Cleveland-Cliffs Ranked #170 on Fortune 500 list for 2023

Cleveland-Cliffs lost $0.11 per share in the first quarter of 2023, down from a profit of $1.50 per share in the first quarter of 2022. The first-quarter loss was notably better than the $0.41 per share loss in the final quarter of 2022.

This Steel Giant Sees Profits Improving as the Year Progresses

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) issued a statement today regarding the Minnesota Executive Council's approval of state mineral leases for more than 2,600 acres of iron ore at the Nashwauk mine site in Itasca County, Minnesota. Today's approval is a final action and Cleveland-Cliffs has now assumed these leases. Cleveland-Cliffs' Chairman, President and Chief Executive Officer, Lourenco Goncalves, stated, “Today's approval of these leases by the Minnesota Executive.

Cleveland-Cliffs Gains Minnesota Executive Council Approval of Iron Ore Mineral Leases at Nashwauk

Cleveland-Cliffs' stock price is suffering, falling 40% from its 52-week-high. However, insiders are buying. While secular benefits remain strong, cyclical demand fears are pressuring cyclical stocks like steel producers.

Cleveland-Cliffs Insiders Are Buying - Should You?

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it has successfully completed a hydrogen (H2) injection trial at its Middletown Works blast furnace. This groundbreaking introduction of hydrogen gas as an iron reducing agent in the blast furnace is the first ever use of this carbon friendly technology in the Americas region. The successful use of hydrogen gas represents a significant step toward the future decarbonization of blast furnaces, which are necessary.

Cleveland-Cliffs Completes Successful Blast Furnace Hydrogen Injection Trial at Middletown Works

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CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced today that its employees represented by the International Association of Machinists and Aerospace Workers (IAM) Local 1943 at its Middletown Works steelmaking plant ratified a new 4-year labor agreement. The new agreement is effective on May 15, 2023, and covers approximately 2,100 hourly employees. Lourenco Goncalves, Chairman, President and Chief Executive Officer of Cleveland-Cliffs said, “We are pleased to have conclude.

Cleveland-Cliffs New 4-Year Labor Agreement Ratified by the IAM Represented Employees at Middletown Works

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) issued a statement today related to the Minnesota Department of Natural Resources (DNR) determination that it will ask the Executive Council to approve new leases with Cleveland-Cliffs for state ore near Nashwauk, Minnesota. Lourenco Goncalves, Cleveland-Cliffs' Chairman, President and Chief Executive Officer, said, “Cleveland-Cliffs and the Minnesota Department of Natural Resources have reached an agreement on a package of State iro.

Cleveland-Cliffs Reaches Agreement for State of Minnesota Iron Ore Mineral Leases at Nashwauk

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TOLEDO, Ohio , May 2, 2023 /PRNewswire/ -- The Great Lakes Clean Hydrogen Hub coalition (GLCH) has submitted a full application for federal funding from the $8 billion U.S. Department of Energy (DOE) program to support the creation of regional clean hydrogen hubs under the Infrastructure Investment and Jobs Act.  Great Lakes Clean Hydrogen Hub Coalition aims to help major industries across Midwest decarbonize.

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Cleveland-Cliffs (CLF) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

After Plunging -17.33% in 4 Weeks, Here's Why the Trend Might Reverse for Cleveland-Cliffs (CLF)

Cleveland-Cliffs, Inc. (CLF) Q1 2023 Earnings Call Transcript.

Cleveland-Cliffs, Inc. (CLF) Q1 2023 Earnings Call Transcript

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing ClevelandCliffs (CLF) Right Now?

Cleveland-Cliffs (NYSE: CLF) beat on the top and bottom lines when it reported first quarter earnings on Tuesday, April 25. Analysts have been lukewarm about CLF stock with a consensus Hold rating.

Strong Demand Makes Cleveland-Cliffs an Undervalued Mid-Cap

The demand recovery in automotive markets aids Cleveland-Cliffs' (CLF) Q1 performance.

Cleveland-Cliffs (CLF) Q1 Earnings and Revenues Beat Estimates

Cleveland-Cliffs (CLF) came out with a quarterly loss of $0.11 per share versus the Zacks Consensus Estimate of a loss of $0.21. This compares to earnings of $1.71 per share a year ago.

Cleveland-Cliffs (CLF) Reports Q1 Loss, Tops Revenue Estimates

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) today reported first-quarter results for the period ended March 31, 2023. Selected financial results for the first quarter of 2023 include: Revenues of $5.3 billion Steel shipments of 4.1 million net tons GAAP net loss of $42 million, or $0.11 per diluted share attributable to Cliffs shareholders Adjusted EBITDA1 of $243 million 36% of Steelmaking revenues from direct automotive sales First-quarter 2023 revenues were $5.3 billion, co.

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